Quantitative Systematic Strategies LLC Sells 9,190 Shares of The Kraft Heinz Company (KHC)
Quantitative Systematic Strategies LLC lowered its position in shares of The Kraft Heinz Company (NASDAQ:KHC) by 59.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,317 shares of the company’s stock after selling 9,190 shares during the quarter. Quantitative Systematic Strategies LLC’s holdings in The Kraft Heinz were worth $490,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in KHC. BlackRock Inc. lifted its position in The Kraft Heinz by 2,314.8% during the first quarter. BlackRock Inc. now owns 32,552,898 shares of the company’s stock valued at $2,956,129,000 after buying an additional 31,204,852 shares during the period. Morgan Stanley raised its position in shares of The Kraft Heinz by 55.6% in the 1st quarter. Morgan Stanley now owns 8,364,778 shares of the company’s stock worth $759,605,000 after purchasing an additional 2,988,664 shares during the last quarter. FMR LLC raised its position in shares of The Kraft Heinz by 30.0% in the 2nd quarter. FMR LLC now owns 11,516,822 shares of the company’s stock worth $986,301,000 after purchasing an additional 2,659,846 shares during the last quarter. Vanguard Group Inc. raised its position in shares of The Kraft Heinz by 3.9% in the 1st quarter. Vanguard Group Inc. now owns 42,149,547 shares of the company’s stock worth $3,827,601,000 after purchasing an additional 1,585,231 shares during the last quarter. Finally, Renaissance Technologies LLC purchased a new position in shares of The Kraft Heinz in the 2nd quarter worth about $102,151,000. 61.59% of the stock is owned by institutional investors and hedge funds.
Shares of The Kraft Heinz Company (NASDAQ:KHC) opened at $79.63 on Friday. The Kraft Heinz Company has a twelve month low of $75.21 and a twelve month high of $97.77. The company has a market capitalization of $97,070.00 and a PE ratio of 22.30. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.77 and a quick ratio of 0.43.
The Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings data on Wednesday, November 1st. The company reported $0.83 EPS for the quarter, hitting the consensus estimate of $0.83. The Kraft Heinz had a return on equity of 7.49% and a net margin of 15.03%. The company had revenue of $6.31 billion during the quarter, compared to the consensus estimate of $6.33 billion. During the same period last year, the company earned $0.83 EPS. The Kraft Heinz’s revenue for the quarter was up .7% on a year-over-year basis. analysts predict that The Kraft Heinz Company will post 3.61 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 17th will be issued a $0.625 dividend. The ex-dividend date is Thursday, November 16th. This represents a $2.50 annualized dividend and a yield of 3.14%. The Kraft Heinz’s payout ratio is 77.88%.
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Several research firms have recently issued reports on KHC. BidaskClub raised The Kraft Heinz from a “sell” rating to a “hold” rating in a research report on Friday, November 10th. Berenberg Bank set a $102.00 price target on The Kraft Heinz and gave the stock a “buy” rating in a research report on Monday, August 7th. Susquehanna Bancshares Inc reaffirmed a “neutral” rating and issued a $85.00 price target (down previously from $94.00) on shares of The Kraft Heinz in a research report on Wednesday, August 9th. Zacks Investment Research lowered The Kraft Heinz from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $95.00 price target on shares of The Kraft Heinz in a research report on Tuesday, October 3rd. Seven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $92.49.
The Kraft Heinz Company Profile
The Kraft Heinz Company is a food and beverage company. The Company is engaged in the manufacturing and marketing of food and beverage products, including condiments and sauces, cheese and dairy, meals, meats, refreshment beverages, coffee and other grocery products. The Company’s segments include the United States, Canada and Europe.
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